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Occurrences in the Congressional Record

"Now, when we had Simpson-Bowles—and I know the chairman of the Ways and Means Committee thought the Simpson-Bowles idea was a good idea—what happened after it was brought out in public? Nothing. We ignored it."

"That led to a pretty intense effort on the part of both parties and on the part of many organizations. I can remember Simpson-Bowles—a former Chief of Staff of President Bill Clinton along with a former distinguished Senator from Wyoming, a Republican and a Democrat together—Simpson-Bowles. The public was getting behind this—a $4 trillion, over 10 year fix to the problem. It was pretty dramatic, yet there was a lot of momentum for it. That was shot down, unfortunately, by the President when it was presented."

"I don’t know about you, but I am for Simpson-Bowles. The problem with Simpson-Bowles for some people is it paid for what it did, just like the Camp bill. The Camp bill made tough choices, and it was a zero-sum game in the sense that it cut taxes and it paid for them—a zero-sum game—just like you had to run your business because, if you didn’t run your business that way, you would have gone bankrupt."

"This is critical. I know my colleagues from those States are all very supportive of that offshore energy activity. So again, for Alaska, for the first time, Alaska would enjoy revenue sharing with the potential for significant dollars from offshore production going to Alaska. Now, one might ask: What about the Federal revenue impact? What about the fiscal impact? This amendment is fully offset in terms of the Federal Treasury. It is fully offset with revenue from two sources: No. 1, expedited and increased lease sales in our OCS that will produce more Federal revenue, and No. 2, trimming our Federal workforce by attrition, a policy laid out by the Simpson-Bowles Commission—bipartisan, straightforward, and exactly what we need to do in a fiscally responsible way."

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